Financial services firms have to define, implement and manage their approach to AML. Firms need to be able to detect and report money laundering or suspicious activity. This duty starts when onboarding new customers, but it doesn’t end there. So, what does constitute a solid approach to AML throughout a customer's lifecycle?
5 years ago, a conversation about anonymity in blockchain over a cup of coffee turned into a discussion about the commercial applications for this kind of technology in the compliance space. And PassFort was born.
Using automation to complete your customer onboarding journeys means processing more applications more quickly, while complying with any form of regulation in any jurisdiction for any product. Smart!
5years ago, Donald Gillies, PassFort's co-founder & CEO, wanted to transform the way trust and compliance were managed online. From that vision to the realities for our regulated customers today, PassFort is changing and growing CLM one process at a time.
PassFort has worked with the crypto giant, BitPay, for more than 2 years honing KYC processes for onboarding and ongoing risk management.
Your business is individual, so are your customers. Cookie cutter solutions won't cut it when you need to collect different types of data for KYC compliance processes.
Having the ambition to do a good job in KYC compliance isn't enough to succeed. Banks need solutions created by teams with professionalism, discipline, talent and passion.
Get insight from Kayyum Abdul, change management expert, on how to approach digital transformation of CLM. The decisions you make and journeys you create could be game changing.